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Regulation 37 Official receiver’s remuneration while acting as liquidator or provisional liquidator in respect of the realisation of property charged

Original text. Later amendments are not shown.

When he is a liquidator or provisional liquidator, the official receiver’s remuneration in respect of the realisation of property of the company—

(a)

for secured creditors (other than a creditor who holds a floating charge on the company’s undertaking or property) shall be calculated on the realisation scale set out in Table 1 in Schedule 1 in the manner set out in regulation 34; and

(b)

for creditors who hold a floating charge on the company’s undertaking or property shall be calculated on both the scales set out in Table 1 in Schedule 1 and in the manner set out in regulation 34.

[E.R. 36]